Grab-led digibank consortium to focus on local micro-SMEs, gig economy workers

Grab Holdings Limited said Friday that the digital bank consortium comprising GXS Bank Pte. Ltd., its digital bank joint venture with Singapore Telecommunications Limited (Singtel), and Malaysian investors including Kuok Brothers Sdn. Bhd, is expected to enable local micro-small and medium enterprises (SMEs) and other financially underserved segments such as gig economy workers to access a suite of financial services that will serve them through their lifecycle.